FTSE 100 pensions schemes 'at risk'

24 July 2008 In Business and Economy

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The average FTSE 100 company is putting eight per cent of its market value "at risk" through its pension scheme, according to Deloitte's pensions partner.

David Robbins says that the companies are "exposing their corporate sponsors to significant risk".

The business advisory firm has estimated a one in 20 chance that FTSE 100 pension scheme deficits will increase by £80 billion over the next 12 months, which has led Mr Robbins to "seriously question" whether companies should take "such a large gamble".

"Companies need to pro-actively work with pension scheme trustees to focus on the right strategy for their individual circumstances," he added.

"The one thing that companies must not do is ignore it."

The UK was recently found to be suffering less than other nations with a lack of experienced finance professionals in the annual Robert Half Global Financial Employment Monitor, Online Recruitment reported.




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